Chainlink (LINK) Gearing Up for a Rally as Analyst Maps Out Next Big Target

Chainlink (LINK) has quietly been moving in a tight downward channel for several months now. However, traders are starting to notice a breakout from that trend, which could spark fresh interest in the token.

Chainlink Could Be Setting Up For A Big Move As BTC Analyst Shares Latest Chart

If you’re a regular at crypto Twitter, then you’ve likely seen some excellent analysis from @LLuciano_BTC. The analyst often shares interesting observations and technical setups that are relevant to traders.

Recently, Luciano shared a chart of LINK, highlighting the token’s breakout from a channel and approaching a key demand zone.

Chart: LLuciano_BTC on X

If we zoom out, we can see that LINK has been in a downtrend since late 2024, making lower highs and lows. However, the latest price action has brought Chainlink back into a strong demand zone, which is an area where buyers have stepped in before.

This shift in momentum is significant, and it could signal a rally in the coming weeks.

Analyst Spots 53% Gain Potential As LINK Breakout Breaks Above Downtrend

" $LINK is moving beautifully, target is already set — much higher. "

According to the chart shared by Luciano, his target for LINK is around $27.25. At the time of writing, LINK is trading at about $17.11, so that would be a 53 percent jump.

The upper box on the chart even shows a potential move toward $30.94 if momentum really picks up.

While nothing is guaranteed, the setup looks strong, especially with that clean breakout and recent price action confirming support levels. So if you’ve been waiting for a signal on LINK, this could be it.

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